Chinese state-run property developer Greenland Holding Group is investing US$2 billion in two London projects, the latest acquisition amid a string of overseas real-estate deals in London, The Wall Street Journal reported. The company on Tuesday bought the historic Ram Brewery site in southwest London, where plans have been percolating for years to build apartments, restaurants and shops. Separately, Greenland said it plans to invest another US$984 million in a residential tower on the other side of London, in the Canary Wharf financial district. The deal is expected to be completed by the end of January.
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